Analysts Set Cinemark Holdings Inc (NYSE:CNK) PT at $33.31

Cinemark Holdings Inc (NYSE:CNK) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.3077.

Several analysts have recently issued reports on CNK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research note on Friday, March 27th. B. Riley Financial upped their price target on Cinemark from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley upped their price target on Cinemark from $30.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group reiterated a “sell” rating and set a $22.00 price target on shares of Cinemark in a research note on Thursday, February 19th. Finally, Wells Fargo & Company upped their price target on Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th.

Institutional Trading of Cinemark

Several large investors have recently made changes to their positions in CNK. EverSource Wealth Advisors LLC boosted its stake in Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares during the period. Smartleaf Asset Management LLC boosted its stake in Cinemark by 20.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares during the period. Leonteq Securities AG bought a new stake in Cinemark during the 4th quarter valued at approximately $83,000. GAMMA Investing LLC boosted its stake in Cinemark by 51.8% during the 4th quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $93,000 after purchasing an additional 1,372 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Cinemark during the 4th quarter valued at approximately $102,000.

Cinemark Trading Down 0.5%

Shares of NYSE:CNK opened at $33.84 on Friday. The stock has a market capitalization of $3.95 billion, a PE ratio of 29.94 and a beta of 1.00. Cinemark has a 1 year low of $21.60 and a 1 year high of $34.40. The firm has a fifty day moving average price of $29.00 and a 200 day moving average price of $26.52. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $643.10 million during the quarter, compared to the consensus estimate of $632.74 million. Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) earnings per share. Analysts expect that Cinemark will post 2.16 EPS for the current fiscal year.

Cinemark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s dividend payout ratio is 31.86%.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.